Aerosol-generating system comprising moveable cartridge (Figure 1) The aerosol-generating system comprises a housing (12), with an air inlet (14) and an air outlet (16) defining an air flow channel (18), a heater element (24) and a cartridge (10) moveably mounted in the housing (12) and reversibly displaceable from a first position into a second position. The cartridge (10) comprises a liquid storage portion (18) for holding an aerosol-generating liquid and has an opening for delivery of the aerosol-generating liquid, the cartridge further comprises a moveable plunger (28). When an airstream is created between the air inlet (14) and the air outlet (16), the cartridge (10) is moved by the airstream within the housing (12) and the movement of the cartridge (10) activates the release of a portion of the aerosol-generating liquid through the opening of the cartridge (10).